YEAR-ON-YEAR INFLATION RATES

Headline inflation rate or the annual rate of change on the prices of goods and services in the market basket for all income households in SOCCSKSARGEN Region stood at 7.4% in February 2023 from the same figure the previous month. This is 1.2 percentage points lower than the 8.5% national inflation rate for the current month under review.

Cotabato Province, with an inflation rate of 7.4%, was the highest contributor to SOCCSKSARGEN Region’s 7.4% headline inflation in February 2023. It was followed by South Cotabato at 7.6%; General Santos City, 6.9%; Sultan Kudarat Province, 6.7%; Sarangani, 9.1%; and Cotabato City, 6.6%.